XRP can't catch a bid — every bounce ends in a shrug 🪙

XRP fell 2.8% over 24 hours to roughly $1.07, slipping below the $1.0850 support level that bulls had defended in recent sessions and leaving the token near the lower boundary of its June trading range. The decline tracked a wider crypto pullback, with the CD5 index dropping nearly 3% as bitcoin and other major tokens came under pressure.

The bulk of the move hit at 13:00 UTC, when trading volume spiked to 117.26 million XRP and drove price through $1.0850. Sellers later pushed XRP to an intraday low near $1.0446 before a modest recovery carried it back toward $1.07. That rebound, however, was shallow: volume faded quickly, and the token failed to retake the breakdown zone, leaving $1.0850 acting as fresh resistance rather than support.

Technicians noted that the bounce from the $1.04 area produced no meaningful follow-through, with intraday rallies repeatedly stalling between $1.073 and $1.075 before sellers re-entered. The structure continues to print lower highs, and price has revisited the same support band without breaking out of its defensive posture.

The $1.05-$1.07 zone is now the immediate line in the sand, with a sustained close below it likely to refocus attention on the psychological $1.00 level. Reclaiming $1.0850 would mark the first step toward stabilization, while a move back above $1.10 would signal that the latest breakdown was another shakeout within the broader range.